Bitcoin 'rebounds' on possibility of Ukraine ceasefire [Decenter Market Status]

The major cryptocurrencies are rebounding across the board. At 8:14 am on the 12th based on Bithumb, Bitcoin (BTC) recorded 12,307,800 won, up 3.75% from the previous day. At the same time, Ethereum (ETH) rose 3.42% to 2,870,000 won, and XRP rose 4.99% to 3,243 won. Solana (SOL) is trading at 186,600 won, up 4.71%. The international market is also in an upward trend. At the same time, on CoinMarketCap, BTC is trading at $82,815.31, up 4.1% from the previous day. ETH rose 2.10% to $1,930.87, and XRP rose 6.56% to $2.18. BNB rose 3.80% to $554.77, and SOL rose 5.28% to $125.64. The total market capitalization of cryptocurrencies rose 4.09% from the previous day to about $2.69 trillion. The Crypto Fear and Greed Index of Alternative.me rose 4 points from the previous day to 24 points, indicating 'extreme fear'. ◆ Rebound due to the possibility of a ceasefire in the Russia-Ukraine war The rebound in major cryptocurrencies is due to the possibility of a ceasefire between Russia and Ukraine. CoinDesk, a cryptocurrency-specialized media, analyzed that "the market rebounded after Ukraine agreed to a 30-day ceasefire proposal from the Trump administration in the war with Russia." It also seems to reflect expectations that the tariff conflict between the US and Canada will ease. The Canadian province of Ontario has temporarily suspended the 25% surcharge on electricity exported to the US. Ontario's surcharge was pushed as a retaliatory measure against the 25% tariff imposed by the Trump administration on Canadian imports last week. However, the conflict has eased as Ontario Premier Doug Ford said he would suspend the surcharge after a conversation with US Commerce Secretary Gina Raimondo, and President Trump also said he respects this. It is also analyzed that low-price buying continues after the sharp drop the previous day. Bitcoin has been on a downward trend since the results of the White House 'Crypto Assets Summit' held on the 7th did not meet market expectations. Yesterday, it plummeted due to concerns about a US economic recession, falling to the $76,000 level.